Bitcoin has risen to $59,000.
On the hourly chart, it has gradually risen after breaking through the moving average. I expected it to move sideways yesterday, but it rose more than expected.
May might see significant monthly movements.
Since the monthly chart is just beginning, it’s important to remember that changes in the chart’s range are needed for it to develop properly.
There are contrasting opinions about Bitcoin: some say it will rise significantly by the end of this year since the halving has ended, while others expect it to fall due to a potential large-scale sell-off.
There seems to be a lot of discussion about Ethereum, especially concerning its ETF listing.
However, both Bitcoin and Ethereum tend to follow their set direction once established, so we need to watch carefully.
The movement of Bitcoin due to the ETF listing might decrease, and with many exchanges currently in existence, we won’t see sudden sharp rises or falls. A daily movement of about 10 percent should now be considered a significant rise or fall.
While there isn’t much activity on the chart, looking at tomorrow’s forecast, I expect a decline.
It rebounded to $59,000 and held strong, so it might be time for a downturn again.
With tomorrow expected to bring a decline, I hope investors set their strategies carefully as the frequency of sharp increases and decreases in Bitcoin has decreased.
